A well-constructed employee benefits program is often one of the most important factors in your ability to attract and retain the best employees. However, sometimes a traditional benefits arrangement isn’t right for your company.
While many employers have traditionally insured their employee benefits risks through an outside insurance carrier, the increased demand for employee benefits has resulted in an inflation of costs associated with insuring employee benefit risks. Because of this, many employers have opted to eliminate the insurance carriers and instead fund their group employee benefits risks with various types of self-funded arrangements.
Your EHD team will help you make the right choice for your company by analyzing factors such as your size, scope and number of employees. They will also help you navigate ERISA or other compliance technicalities that arise from your choice of alternative funding. When it comes to insuring employee benefits risks, there are many options and factors to consider. The bottom line is this: we understand that fully insured programs aren’t right for every company, and we will help you discover and implement the right path for your organization.
Options of Alternative Funding solutions include, but are not limited to:
- Level Funded Contracts
- Consortium Arrangements
- Captives
- Traditional Self Insurance with Stop Loss
- Direct to Provider Contracting
